Lucas Capital Management, L.L.C. (Red Bank)


Lucas Capital Management, L.L.C. is a large advisory firm based in Red Bank. It manages $182.29 million of regulatory assets for 323 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 3 other states.

Lucas Capital Management, L.L.C provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lucas Capital Management, L.L.C: assets under management

The assets under management (AUM) of Lucas Capital Management, L.L.C. is $182.29 million. The firm's AUM has grown by 431% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $181.35 million in discretionary accounts and $944 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $570.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $188.8 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lucas Capital Management, L.L.C. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lucas Capital Management, L.L.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lucas Capital Management, L.L.C is individuals with 307 clients and $118.12 million of assets under management. Among the 9 most similar advisory firms, Lucas Capital Management, L.L.C has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $182.29 million for 323 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lucas Capital Management, L.L.C doesn't advise any private funds.

Careers at Lucas Capital Management, L.L.C.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
George Brainard Lucas Principal 1 Feb 1996 Other 313833
Russell James Lucas Principal 1 Feb 1996 75% - 100% 1109674
Ashton Robinson Lee Sr. portfolio manager 1 Dec 2002 Other 4640512
Brett Thomas Flynn Sr. portfolio manager 1 Sep 2004 Other 2836116
Malcolm Bruce Severance Sr. portfolio manager 1 Jun 2006 Other 1108524
Ralf Sellig Principal 1 Jun 2007 Other 5185585
Julie Ann Gouveia Chief compliance officer 1 Jan 2010 Other 2295348
Robert J Vogel Sr. portfolio manager 1 Jan 2013 Other 6468177

Based in Red Bank

The principal office where Lucas Capital Management, L.L.C. performs its advisory services is located at 2 Bridge Ave, Suite 221, Red Bank, NJ 07701, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-758-1004 or by fax 732-741-3270. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at lucascapital.com.